Friday was day 18, which places the dollar in the early part of its timing band for a daily cycle low. The dollar has established a daily downtrend, which signals the intermediate cycle decline. Closing convincingly below the 200 day MA provides more confirmation for the intermediate cycle decline.
Stocks printed a very mild daily cycle low on day 42. Stocks have since regained the 10 day MA and broke out to new highs. However there are bearish divergences that are beginning to develop on the oscillators, which often precede a daily cycle decline. A swing high accompanied by a break below the daily cycle trend line will signal the daily cycle decline. Stocks are currently in a daily uptrend. Stocks will remain in their daily uptrend unless they close below the lower daily cycle band.
The entire Weekend Report can be found at Likesmoney Subscription Services
The Weekend Report discusses Dollar, Stocks, Gold, Miners, Oil, & Bonds in terms of daily, weekly and yearly cycles.
Also included in the Weekend Report is the Likesmoney CycleTracker
For subscribers click here.
You can email me at firstname.lastname@example.org to receive a sample copy of the Weekend Report